Habitat for Humanity Halton-Mississauga
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
B-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
48%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 48 cents are available for programs.
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OVERVIEW
About Habitat for Humanity Halton-Mississauga:
Habitat for Humanity Halton-Mississauga is a two-Star charity. It has a below average results reporting grade and is not financially transparent. For every dollar donated to the charity, 48 cents are available to go to the cause, which is outside Ci's reasonable range.
Founded in 1999, Habitat for Humanity Halton-Mississauga (HFHH) is one of Habitat for Humanity Canada’s 46 local affiliates. Habitat for Humanity Canada (HFHC) offers safe and affordable housing for poor families living in unstable, overcrowded, unsafe, or substandard housing conditions. Habitat Builds is the charity’s keystone home ownership program – through this program, HFHH offers no-interest, no-profit home mortgages to families in need. The charity caps mortgages at 30% of total family income. In return for a Habitat home, partner families must complete 500 volunteer hours of ‘sweat equity’ with Habitat for Humanity – the charity treats the volunteer hours as the down payment for the Habitat home. The charity reports it has built 69 homes in the Halton area since 1999 but does not report how many homes, in total, it built in the most recent year(s).
In F2022 HFHH began a Tiny Homes program. The charity partners with construction organizations and schools to build homes for Indigenous people. HFHH completed four tiny homes and has five in progress at the end of F2022.
ReStore is Habitat for Humanity’s retail store that accepts donations of overstocked, used discontinued items and salvageable building materials donated from manufacturers, stores, local contractors and the public. ReStore then sells the donated items to the public at a reduced cost. The charity reports that ReStore profits completely cover administrative and fundraising costs, so that all donations can go directly towards building homes. HFHH has four ReStore locations, located in Burlington, Milton, Orangeville, and Mississauga.
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Results and Impact
Habitat for Humanity Halton-Mississauga has not released an impact or annual report since 2019.
In 2015, Habitat for Humanity Canada’s Habitat Builds program underwent an impact assessment by Boston Consulting Group (BCG). BCG determined HFHC’s home-ownership program produces $4 in social benefits for every $1 donated. Each Habitat house generates an average of $175k in total benefits for the family living in it. Based on the 221 homes built by HFHC in 2014, building activities produced $39 million in total ‘social good’ in Canada. BCG also reports that partner families reduced their food bank usage by 60% over a six year period, compared with a 40% reduction by control families; 22% of children attained a bachelor degree over a six year period, compared with 8% of children in the control group; and 50% of partner families are more physically active over a six-year period, compared with the national average of a 15% increase.
While Ci highlights these key results, they may not be a complete representation of Habitat for Humanity Halton-Mississauga’s results and impact.
Charity Intelligence has not yet rated Habitat for Humanity Halton-Mississauga for impact (n/r).
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Finances
Habitat for Humanity Halton-Mississauga does not post its financial statements publicly. Ci received the financial statements after requesting them from the charity.
HFHH received $1.1m in donations in F2022. Administrative costs are 10% of revenue and fundraising costs are 42% of donations. This results in total overhead spending of 52%. For every dollar donated to the charity, 48 cents are available to go to the cause, which is outside of Ci’s reasonable range.
HFHH has negative funding reserves. This is due to interest bearing debts of $5.6m outweighing liquid assets of $875k. This results in a negative program cost coverage. Excluding interest-bearing debts, the charity’s reserve funds can cover 57%, or under seven months of its annual program costs.
This charity report is an update that is currently being reviewed by Habitat for Humanity Halton-Mississauga. Comments and edits may be forthcoming.
Updated on July 11, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 10.2% | 15.2% | 11.3% |
| Fundraising costs as % of donations | 42.2% | 59.1% | 42.3% |
| Total overhead spending | 52.3% | 74.4% | 53.6% |
| Program cost coverage (%) | (417.6%) | (467.2%) | (306.3%) |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 1,128 | 1,036 | 1,296 |
| Goods in kind | 31 | 26 | 75 |
| Government funding | 133 | 649 | 515 |
| Fees for service | 385 | 300 | 301 |
| Business activities (net) | 2,545 | 1,444 | 1,420 |
| Investment income | 0 | 0 | 13 |
| Other income | 18 | 3 | 0 |
| Total revenues | 4,241 | 3,458 | 3,620 |
| Program costs | 1,133 | 1,178 | 1,254 |
| Grants | 8 | 3 | 113 |
| Donated goods exp | 31 | 26 | 75 |
| Administrative costs | 431 | 527 | 409 |
| Fundraising costs | 476 | 612 | 548 |
| Other costs | 6 | 6 | 11 |
| Total spending | 2,085 | 2,353 | 2,410 |
| Cash flow from operations | 2,157 | 1,105 | 1,210 |
| Capital spending | 278 | 624 | 0 |
| Funding reserves | (4,764) | (5,521) | (4,188) |
Note: The charity’s F2022 T3010 was not available at the time of this report. Ci used HFHH’s F2021 T3010 to report on compensation. To report on a cash basis, Ci adjusted for deferred contributions, impacting revenue in the amount of $167k in F2022, $155k in F2021, and $143k in F2020. Ci included covid subsidies in revenue in the amount of $133k in F2022, $649k in F2021, and $515k in F2020. Ci reported ReStore net of direct expenses, decreasing both revenue and expenses by ($4.2m) in F2022, ($4.1m) in F2021, and ($nil) in F2020. Ci removed ReStore depreciation, impacting revenue in the amount of $32k in F2022, $31k in F2021, and $20k in F2020. Ci included repayments of mortgage receivables, impacting revenue in the amount of $218k in F2022, $145k in F2021, and $158k in F2020. Ci included Handyman expenses within business activities, impacting revenue in the amount of ($100k) in F2020. HFHH did not report Handyman expenses in F2021 and F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
7 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-637-4446